Tenants Fees
New Assured Shorthold Tenancies (AST's) signed on or after 1st June 2019
The following charges are payable or potentially payable by a tenant:
- Holding deposit - A maximum of one week's rent
- Security deposit - Five weeks' rent, rising to six week's rent when the annual rent is in excess of £50,000
- Rent and Utility bills - Payable as outlined in the Tenancy Agreement
- Unpaid rent - Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement
- Lost Keys - Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required
- Amendments of Tenancy Agreement at Tenant's Request - £50 per change
- Early Surrender of the AST at Tenant's Request - Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord's costs in surrendering the tenancy and re-letting the property
Non AST's signed on or after 1st June 2019
For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable:
- Tenancy Administration charge - £180 per tenancy
- Reference charge - £60 per tenant or guarantor
- Check-in charge - £168 VAT per tenancy
- Renewal charge - £180 VAT per renewal
All prices are inclusive of VAT.
As a member of The Property Ombudsman (TPO) for sales and lettings we subscribe to TPO Codes of Practice. This Government approved independent redress scheme gives consumers additional protection beyond that required by law. Our clients have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency.
As members of Client Money Protect this means that any monies we hold is insured. This gives our clients peace of mind and financial protection that their money will always be safe in our hands under the Client Money Protection Scheme.
4
1